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a number of years in the spanish government from 1977 to 82. he was an active participant in the negotiations for spanish entry to what is now the european union, the european economic community. he also participated in a number of spanish negotiation then they got, not wto and with the european union and spain a century into the union after democracy was restored in spain and spain was welcomed into the european community process. in the last year at this government coming was minister of the presidency, played a very essential role in the entire spanish government situation. shortly after he joined banco santander and has now been there for over 20 years. he is now vice-chairman of the bank, member of the board, also member of the board of banesto, banco santander in portugal, a member of the board of a number of other financial companies in the group and is president of the print of the foundation and spain. i think we are uniquely privileged data to have a speaker from banco santander with its unique ability to see both the spanish situation, the overall banking situat
and the democrats. how they essentially tried to bring the federal government's financial house to some kind of order. the answer is they failed. we have a federal government whose financial house is in total disorder, total disarray. it is a historic problem. to try to put it in english, we have a trillion dollars of iou outstanding in the world. the negotiations, they agreed to raise what they call the debt ceiling, so the government can borrow a couple more trillion dollars. we are going to run it run out of that borrowing authority january or february of next year. they're going to have to go back and authorized congress for more trillions of dollars of borrowing. the republicans and lots of people in congress don't want to authorize that. so there is going to be a bloody negotiation, unless they can work a deal. in a sense, this is a book about the past, but it's about the present. it is about where we are going and what the country's future is. if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president b
Search Results 0 to 1 of about 2